Can I retire at age 55 with 763,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$63,008$62,447$61,899$61,365$60,843$60,232
2 years$31,192$30,611$30,048$29,502$28,973$28,358
3 years$20,588$20,005$19,443$18,902$18,381$17,781
4 years$15,287$14,706$14,150$13,618$13,110$12,529
5 years$12,107$11,529$10,981$10,460$9,966$9,406
6 years$9,988$9,415$8,874$8,365$7,886$7,348
7 years$8,475$7,906$7,374$6,877$6,413$5,897
8 years$7,341$6,777$6,254$5,769$5,320$4,826
9 years$6,459$5,901$5,387$4,914$4,480$4,008
10 years$5,754$5,201$4,696$4,236$3,818$3,366
11 years$5,178$4,630$4,134$3,687$3,283$2,853
12 years$4,698$4,156$3,669$3,234$2,845$2,436
13 years$4,292$3,756$3,278$2,855$2,481$2,092
14 years$3,944$3,414$2,945$2,534$2,175$1,805
15 years$3,643$3,119$2,659$2,260$1,915$1,564
16 years$3,380$2,861$2,411$2,024$1,692$1,360
17 years$3,148$2,635$2,194$1,818$1,501$1,186
18 years$2,943$2,435$2,003$1,639$1,334$1,037
19 years$2,759$2,257$1,834$1,481$1,189$909
20 years$2,593$2,097$1,683$1,341$1,062$798
21 years$2,444$1,953$1,548$1,217$951$702
22 years$2,308$1,823$1,426$1,107$852$618
23 years$2,184$1,705$1,317$1,008$765$545
24 years$2,071$1,598$1,218$919$688$481
25 years$1,967$1,499$1,128$839$619$425
26 years$1,871$1,409$1,046$767$557$376
27 years$1,783$1,326$972$703$502$332
28 years$1,701$1,250$903$644$453$294
29 years$1,624$1,179$841$590$409$261
30 years$1,553$1,113$783$542$370$231
31 years$1,487$1,053$730$497$334$205
32 years$1,425$996$681$457$302$182
33 years$1,366$943$636$420$274$161
34 years$1,312$894$594$387$248$143
35 years$1,260$848$555$356$224$127
36 years$1,212$805$520$328$203$113
37 years$1,166$764$486$302$184$100
38 years$1,123$726$455$279$167$89
39 years$1,082$691$427$257$152$79
40 years$1,043$657$400$237$137$70
41 years$1,006$626$375$219$125$62
42 years$971$596$352$202$113$55
43 years$938$568$330$186$103$49
44 years$907$541$310$172$93$44
45 years$876$516$291$159$85$39
46 years$848$492$273$147$77$35
47 years$820$470$257$135$70$31
48 years$794$448$241$125$63$27
49 years$769$428$227$116$58$24
50 years$745$409$213$107$52$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $763,000, adding $6,366 every year, while hoping to spend $35,401 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 60/29/11 Blend
54$763,000$763,000$763,000$763,000
55$847,393$806,954$795,127$895,654
56$896,160$808,828$784,097$930,714
57$948,716$809,608$771,512$964,364
58$1,005,408$809,202$757,281$1,000,204
59$1,066,620$807,513$741,310$1,038,449
60$1,132,774$804,440$723,503$1,079,333
61$1,204,333$799,873$703,756$1,123,120
62$1,281,805$793,697$681,962$1,170,097
63$1,365,749$785,789$658,008$1,220,586
64$1,456,782$776,019$631,778$1,274,939
65$1,555,580$764,250$603,148$1,333,549
66$1,662,887$750,336$571,991$1,396,850
67$1,779,521$734,122$538,173$1,465,319
68$1,906,383$715,444$501,552$1,539,487
69$2,044,463$694,130$461,983$1,619,940
70$2,194,852$669,996$419,313$1,707,324
71$2,358,749$642,848$373,382$1,802,357
72$2,537,474$612,480$324,023$1,905,830
73$2,732,480$578,675$271,062$2,018,618
74$2,945,366$541,204$214,316$2,141,687
75$3,177,894$499,823$153,596$2,276,106
76$3,432,000$454,276$88,702$2,423,057
77$3,709,819$404,290$19,429$2,583,844
78$4,013,700$349,580$0$2,759,909
79$4,346,229$289,841$0$2,959,240
80$4,710,255$224,754$0$3,180,050
81$5,108,914$153,980$0$3,422,027
82$5,545,659$77,161$0$3,687,345
83$6,024,296$0$0$3,978,405
84$6,549,012$0$0$4,299,795
85$7,124,422$0$0$4,679,298
86$7,755,607$0$0$5,095,650
87$8,448,164$0$0$5,552,549
88$9,208,259$0$0$6,054,073
89$10,042,683$0$0$6,604,709
90$10,958,916$0$0$7,209,404
91$11,965,199$0$0$7,873,605
92$13,070,610$0$0$8,603,312
93$14,285,149$0$0$9,405,138
94$15,619,834$0$0$10,286,365
95$17,086,800$0$0$11,255,017
96$18,699,420$0$0$12,319,933
97$20,472,425$0$0$13,490,854
98$22,422,045$0$0$14,778,509
99$24,566,161$0$0$16,194,720
100$26,924,474$0$0$17,752,511